Volkswagen Financial Services has appointed Jonathan Ellis and Chris Raynsford as strategic fleet sales managers to help grow its market share in the large fleet sector.
The number of new cars bought on showroom finance grew 6% in May earlier, with average advances to consumers for new car purchases up 4% to £16,500.
Dealers are invited to have their say about the performance of the finance houses that support them.
32.17% of finance checks conducted by My Car Check in the first half of 2015 showed money was still owed on the car.
Mazda UK is offering a selection of finance offers that run to the end of September 2015 on the newly launched MX-5.
The growing success of its used car operation has contributed a significant amount to the boost in turnover and profitability of car dealer Arnold Clark Automobiles.
Car dealers selling GAP insurance have until September 1 to ensure new add-on sales rules are applied.
A team of eight Close Brothers Motor Finance employees are taking on an extreme three-part challenge to raise funds for Cancer Research UK.
Motor finance provider Alphera Financial Services has appointed Spencer Halil as its new director.
The Financial Conduct Authority (FCA) has fined Lloyds Banking Group £117m for failing to treat its customers fairly when handling Payment Protection Insurance (PPI) complaints.
BMW Group Financial Services is simplifying motor finance from today, with the core finance package (at any BMW or MINI) for each product being the same.
Close Brothers Motor Finance is urging dealers to plan ahead for the paper counterpart driving license withdrawal on June 8.
Point-of-sale consumer new car finance was up 11% by volume and 17% by value in April, compared with the same month last year.
AutoProtect is encouraging car dealers to take a positive approach toward added value products such as MBI and RTI insurance, alongside FCA requirements.
NextGear Capital UK has won the title of Wholesale Funder of the Year at the International Auto Finance Network Awards.
The Financial Conduct Authority is due to announce its view on how complaints about mis-sold loan insurance are being handled at the end of the summer.
Dealers’ claims for compound interest took a move forward last week, with a win for Littlewoods at the court of appeal, says ASE.
PCPs dominate Hyundai new car retail finance offers to July.
Warranties offer dealers increased revenues and retention from reassured customers.
Consumers are finding the search for car finance more confusing than ever – with many spending more time researching their next phone than motor finance.
Number of nearly new cars in the retail market has nearly doubled in the last six months, indicating that manufacturers are pre-registering increasing numbers.
Used car HP and PCPs are forecast to increase, but dealers still face challenges
Figures from the Finance & Leasing Association (FLA) show consumer new car finance volumes rose 6% in Q1 2015.
Black Horse managing director Chris Sutton is to retire from the motor finance provider this summer.
Ford is targeting young drivers with an added value tie-up with insurance provider Marmalade.
